How many years will it take to pay off a Rs. 11,000 loan with a Rs. 1,241.08 annual payment and a 5% interest rate?

Related Mcqs:

1. If you plan to save Rs. 5,000 with a bank at an interest rate of 8%, what will be the worth of your amount after 4 years if interest is compounded annually?

   A. Rs. 5,400
   B. Rs. 5,900
   C. Rs. 6,600
   D. Rs. 6,802

2. The treasury security in which the final principal payment is separated from periodic interest payment is classified as ___________?

   A. STRIP
   B. separated security
   C. inflated security
   D. coupon paid security

3. An annual interest payment divided by current price of bond is considered as_____________?

   A. Current yield
   B. Maturity yield
   C. Return yield
   D. Earning yield

4. Coupon payment is calculated with help of interest rate, then this rate considers as________?

   A. Payment interest
   B. Par interest
   C. Coupon interest
   D. Yearly interest rate

5. The coupon payment accrued between last payment and settlement date is classified as __________?

   A. paid interest
   B. unpaid interest
   C. zero interest
   D. accrued interest

6. Payment if it is divided with interest rate will be formula of__________?

   A. Future value of perpetuity
   B. Present value of perpetuity
   C. Due perpetuity
   D. Deferred perpetuity

7. A loan that is repaid on monthly, quarterly and annual basis in equal payments is classified as____________?

   A. Amortized loan
   B. Depreciated loan
   C. Appreciated loan
   D. Repaid payments

8. The treasury bonds and notes pay the interest rate is classified as ________?

   A. LIBOR rate monthly
   B. coupon interest monthly
   C. coupon interest semiannually
   D. coupon interest annually

9. A firm has paid out Rs. 150,000 as dividends from its net income of Rs. 250,000. What is the retention ratio for the firm?

   A. 12%
   B. 25%
   C. 40%
   D. 60%

10. A firm reports total liabilities of Rs. 300,000 and owner’s equity of Rs. 500,000. What would be the total worth of the firm’s assets?

    A. Rs. 300,000
    B. Rs. 500,000
    C. Rs. 800,000
    D. Rs. 1100,000